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Islandsbanki

ISIN: IS0000028538 | Ticker: ISB | LEI: 549300PZMFIQR79Q0T97
Sector: FinancialsSub-Industry: Diversified Banks
Country: Iceland

About Islandsbanki

Company Description

With a history that dates from 1875, Íslandsbanki is an Icelandic universal bank with a strong customer focus. The Bank believes in moving Iceland forward by empowering its customers to succeed - reflecting a commitment to run a solid business that is a force for good in society. Driven by the ambition to be #1 for service, Íslandsbanki’s banking model is led by three business divisions that build and manage relationships with its customers.

Year founded

1875

Served area

Iceland

Headcount

740

Headquarters

Suðurlandsbraut 14, 108 Reykjavík – Iceland

Financial statements

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Line item in (isk) 01.01.2020 01.01.2021 01.01.2022 01.01.2023 01.01.2024
Assets N/A 1,344,191,000,000.00 1,428,821,000,000.00 1,566,235,000,000.00 1,582,694,000,000.00
Property Plant And Equipment N/A 7,341,000,000.00 7,010,000,000.00 6,752,000,000.00 6,562,000,000.00
Intangible Assets Other Than Goodwill N/A 3,478,000,000.00 3,351,000,000.00 3,279,000,000.00 2,930,000,000.00
Investments In Associates Accounted For Using Equity Method N/A 775,000,000.00 939,000,000.00 3,844,000,000.00 4,051,000,000.00
Cash and cash equivalents 152,481,000,000.00 115,668,000,000.00 130,597,000,000.00 139,035,000,000.00 86,472,000,000.00
Cash On Hand N/A 3,814,000,000.00 3,882,000,000.00 3,563,000,000.00 3,653,000,000.00
Balances With Banks N/A 46,269,000,000.00 26,187,000,000.00 54,606,000,000.00 18,794,000,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A 3,173,000,000.00 1,344,000,000.00 728,000,000.00 749,000,000.00
Equity And Liabilities N/A 1,344,191,000,000.00 1,428,821,000,000.00 1,566,235,000,000.00 1,582,694,000,000.00
Equity 180,062,000,000.00 186,204,000,000.00 203,710,000,000.00 218,874,000,000.00 224,693,000,000.00
Issued Capital N/A 10,000,000,000.00 10,000,000,000.00 10,000,000,000.00 9,898,000,000.00
Retained Earnings N/A 113,529,000,000.00 132,624,000,000.00 144,716,000,000.00 154,712,000,000.00
Share Premium N/A 55,000,000,000.00 55,000,000,000.00 55,000,000,000.00 55,000,000,000.00
Other Reserves N/A 6,181,000,000.00 6,086,000,000.00 9,158,000,000.00 5,083,000,000.00
Equity Attributable To Owners Of Parent N/A 184,710,000,000.00 203,710,000,000.00 N/A N/A
Noncontrolling Interests N/A 1,494,000,000.00 0.00 N/A N/A
Liabilities N/A 1,157,987,000,000.00 1,225,111,000,000.00 1,347,361,000,000.00 1,358,001,000,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A 27,000,000.00 956,000,000.00 0.00 N/A
Line item in (isk) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
01.01.2023/
01.01.2024
Interest Revenue Calculated Using Effective Interest Method 53,378,000,000.00 56,220,000,000.00 87,671,000,000.00 126,095,000,000.00
Other Income -743,000,000.00 3,280,000,000.00 57,000,000.00 1,392,000,000.00
Employee Benefits Expense 12,917,000,000.00 13,397,000,000.00 13,452,000,000.00 15,003,000,000.00
Tax Expense Other Than Income Tax Expense 1,588,000,000.00 1,683,000,000.00 1,858,000,000.00 1,871,000,000.00
Other Expense By Nature 9,829,000,000.00 9,799,000,000.00 10,466,000,000.00 11,740,000,000.00
Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With I F R S9 8,816,000,000.00 -3,018,000,000.00 -1,576,000,000.00 1,015,000,000.00
Profit Loss Before Tax 9,324,000,000.00 27,623,000,000.00 32,871,000,000.00 33,748,000,000.00
Income Tax Expense Continuing Operations 2,472,000,000.00 5,119,000,000.00 8,485,000,000.00 9,198,000,000.00
Profit Loss From Continuing Operations 6,852,000,000.00 22,504,000,000.00 24,386,000,000.00 24,550,000,000.00
Profit Loss From Discontinued Operations -97,000,000.00 1,221,000,000.00 149,000,000.00 35,000,000.00
Profit (loss) 6,755,000,000.00 23,725,000,000.00 24,535,000,000.00 24,585,000,000.00
Profit Loss Attributable To Owners Of Parent 7,061,000,000.00 23,732,000,000.00 24,535,000,000.00 N/A
Profit Loss Attributable To Noncontrolling Interests -306,000,000.00 -7,000,000.00 0.00 N/A
Line item in (isk) 01.01.2020 01.01.2021 01.01.2022 01.01.2023 01.01.2024
Profit (loss) N/A 6,755,000,000.00 23,725,000,000.00 24,535,000,000.00 24,585,000,000.00
Other Adjustments For Noncash Items N/A 28,780,000,000.00 -32,764,000,000.00 -39,076,000,000.00 -33,442,000,000.00
Dividends Received Classified As Operating Activities N/A 30,000,000.00 54,000,000.00 1,049,000,000.00 286,000,000.00
Interest Paid Classified As Operating Activities N/A 20,455,000,000.00 18,691,000,000.00 42,172,000,000.00 76,073,000,000.00
Interest Received Classified As Operating Activities N/A 49,410,000,000.00 58,936,000,000.00 78,521,000,000.00 108,689,000,000.00
Cash Flows From Used In Operating Activities N/A -80,724,000,000.00 -12,900,000,000.00 -39,439,000,000.00 26,218,000,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 24,000,000.00 29,000,000.00 35,000,000.00 374,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 552,000,000.00 206,000,000.00 273,000,000.00 311,000,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 260,000,000.00 442,000,000.00 470,000,000.00 385,000,000.00
Cash Flows From Used In Investing Activities N/A -2,964,000,000.00 2,108,000,000.00 -1,811,000,000.00 -322,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A N/A N/A 0.00 2,310,000,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 80,778,000,000.00 86,048,000,000.00 191,503,000,000.00 117,497,000,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 33,673,000,000.00 55,332,000,000.00 129,448,000,000.00 180,813,000,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 390,000,000.00 425,000,000.00 472,000,000.00 528,000,000.00
Dividends Paid Classified As Financing Activities N/A 0.00 3,400,000,000.00 11,900,000,000.00 12,254,000,000.00
Cash Flows From Used In Financing Activities N/A 46,715,000,000.00 25,761,000,000.00 49,683,000,000.00 -78,408,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -36,973,000,000.00 14,969,000,000.00 8,433,000,000.00 -52,512,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 160,000,000.00 -40,000,000.00 5,000,000.00 -51,000,000.00
Cash and cash equivalents 152,481,000,000.00 115,668,000,000.00 130,597,000,000.00 139,035,000,000.00 86,472,000,000.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

IS0000028538

LEI

549300PZMFIQR79Q0T97

Sector

Financials

Industry Group

Banks

Industry

Banks

Sub-Industry

Diversified Banks

Listed Stock Exchange

Nasdaq Iceland

Stock Index

OMX Iceland All-Share Index

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